Can I claim business expense on items that are not under my name or paid on my credit card?

I am a sole proprietor. I have some business expenses to claim but there are a few expenses where a family member or friend had to help me purchase it. Here are the two situations and in both scenarios I've repaid either in cash or e-transfer.

1) Some business expenses are under my name but not paid on my card.

2) Some business expenses are under someone else's name and card.

Can I still claim it as a business expense?

1495

Intuit Alumni

Apr 22, 2024 11:12:22 AM

If you repaid the amount and you have receipts to this effect, then you can prove to the Canada Revenue Agency (CRA) that these are in fact your expenses and were paid by you. You should keep proof of purchase through receipts, etc. should the CRA request them in the future. You may want to keep record and signed note that the expenses which were in someone else's name and card were in fact yours.

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Can I claim business expense on items that are not under my name or paid on my credit card?